Bloomberg News

Spain May Ban Argentine Biodiesel Imports Over YPF, Mundo Says

March 25, 2012

Spain may threaten to ban biodiesel imports from Argentina as part of a dispute between the two nations over the Argentine unit of Repsol YPF SA (REP), El Mundo reported, without saying where it got the information.

A ministerial order to block Argentine biodiesel imports was signed by the previous government last year although former Prime Minister Jose Luis Rodriguez Zapatero held off putting it into law amid pressure from Argentine President Cristina Fernandez de Kirchner, the newspaper said.

The government of Prime Minister Mariano Rajoy, in power since December, decided not to sign the order into law for political reasons, preferring to keep it on “stand-by,” El Mundo said.

Argentina earns 750 million euros ($995 million) a year selling Spain 750,000 metric tons of biodiesel, the newspaper said.

To contact the reporter on this story: Emma Ross-Thomas in Madrid at erossthomas@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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